In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Conifex Timber (CFF). Analyst Sean Steuart from TD Securities rated Conifex Timber (CFF) a Hold, setting a C$2 price target.
According to TipRanks.com, Steuart is a 3-star analyst with an average return of 1.4% and a 47.5% success rate. Steuart covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.
Currently, the analyst consensus on Conifex Timber is a Moderate Buy with an average price target of C$4.67.
Conifex Timber’s market cap is currently C$86.21M and has a P/E ratio of 2. The company has a Price to Book ratio of 0.25.
Conifex Timber, Inc. engages in the manufacture of structural grade dimension lumber and generation of bio-energy. It operates through the Lumber and Bioenergy segments. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale, and distribution of dimension lumber.
The company’s shares closed on Monday at C$1.85, close to its 52-week low of C$1.50.
